ATLANTA, Nov. 20, 2012 (GLOBE NEWSWIRE) -- OTC Stock Review announces that it has initiated coverage of Abby, Inc. (OTCBB:ABBY). ABBY is an oil and gas exploration, development and production company with producing wells in the Bakken formation in Saskatchewan Canada and a development project in Richardson County, Nebraska. The Bakken Formation is one of the one of the hottest areas in the oil business and has been called "the world's largest discovery in the last 30-40 years" with ultimate recovery now estimated at 24 billion barrels. Horizontal drilling, fracking, and a large number of wells drilled are currently being used on 150 active rigs in the play and a rate of 1,800 added wells per year. Many publicly traded companies like Anglo Canadian Oil Corp., Concho Resources Inc., Abraxas Petroleum Corporation, EOG Resources Inc., Continental Resources Inc., Whiting Oil & Gas Inc., Marathon Oil Corporation, QEP Resources, Brigham Exploration, Hess Corporation, Samson Oil and Gas Ltd, and Statoil have projects in the Bakken Region.
According to a November 8, 2012 article in Bloomberg Businessweek, U.S. output of oil and other liquid petroleum products is expected to surge by more than 80 percent through 2020.
The complete report is available at http://www.otcstockreview.com/ABBY_Review.pdf.
Additional information on Abby, Inc. is available at http://www.abbyenergy.com.
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